Written question asked by Kenny MacAskill (Alba Party) on Tuesday, 7 February 2023, in the House of Commons. It was due for an answer on Monday, 20 February 2023 (named day). It was answered by Graham Stuart (Conservative) on Monday, 20 February 2023 on behalf of the Department for Energy Security and Net Zero.

Electricity Generation: Infrastructure

Question: To ask the Secretary of State for Energy Security and Net Zero, pursuant to the Answer of 18 January 2023 to Question 120157 on Electricity Generation: Infrastructure, what the estimated value is of the 5 TWh of energy.

Answer: The value of electricity can be estimated using recent wholesale electricity prices, which are published regularly on Ofgem’s website. It is worth noting that wholesale electricity prices have been volatile over recent years and vary by season. Wholesale electricity prices for 2030 would be more challenging to estimate accurately, though current prices could be used as a proxy. Alternatively, retail prices could be used to derive the retail value of electricity. These are published by the Government and can be found in table 4 on this link.

Secondary information

Type: Written question
Reference: 141617
Session: 2022-23
Related items: Electricity Generation: Infrastructure
Wednesday, 18 January 2023
Written questions
House of Commons
Grouped for answer: Yes
Transferred: Yes
Subjects: Electricity generation Infrastructure Scotland North of England
Contains statistics: Yes
Link: View this Written question on www.parliament.uk